The PSEi rose again as the removal of Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. (AboitizPower) from the benchmark boosted trading in other stocks although profit taking tapered gains. The main index added 10.84 points or 0.17 percent to close at 6,385.52 although sectoral...
The Philippine stock market surged for the fifth day in a row as investors continue to find share prices low. The main index jumped 110.74 points or 1.77 percent as Banks led the charge across the board. Volume was lower but still higher than average at 764 million shares worth P6.73 billion...
The local stock market continues to recover lost ground as funds rebalance their portfolios while some investors buy up cheaper stocks. The main index rose 30.05 points or 0.49 percent to close at 6,172.84 with the advance led by Conglomerates although Miners were left behind. Volume jumped...
This week, the local stock market is seen to be swayed by quarter’s end window dressing, the changes in the stock exchange indices, and the confidence survey results recently released by the Bangko Sentral ng PIlipinas (BSP). “The local market was able to post gains last week amid a rebound...
The local stock market rose further after both US and Philippine policy interest rates were left unchanged by the central banks of the two countries. The main index added 48.08 points or 0.79 percent to close at 6,142.79 with Conglomerates leading all sectors forward. Volume declined to 1.09...
The local stock market bounced despite weaker US bourses as investors started picking up bargains. The main index rose by 53.67 points or 0.89 percent to close at 6,094.71 as the Property sector surged back although the Services and Mining and Oil counters continued to retreat. Volume...
For the fourth day in a row, index heavyweights led the local stock market lower as US bourses were weaker while investors wait for the US Federal Reserve meeting. The main index shed 6.93 points or 0.11 percent to close at 6,041.04 as Banks and Conglomerates declined although the four other...
The local stock benchmark fell below 6,100 to its lowest level in more than a year as investors worry over interest rates amid rising inflation. The main index plunged 76.60 points or 1.25 percent to close at 6,047.97 with the rate-sensitive Property sector leading the retreat...
The Philippine Stock Exchange index (PSEi) ended flat on low volume although the broader market was weak as investors wait for results of the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) meetings this week. The main index shed 1.77 points or 0.03 percent to close at 6,124.57 with...
With last week’s trading at the stock market swayed by inflation data that gave clues on US interest rate movements, investors this week will get to actually see what the US Federal Reserve will do in reaction to this data. “The policy meetings of the Federal Reserve and the Bangko Sentral ng...
Local share prices fell to its lowest closing since October 26, 2022 as foreign funds sold stocks to rebalance their portfolios in line with changes in the FTSE index. The PSEI dropped 82.06 points or 1.32 percent to close at 6,126.34 as the Property counter suffered the biggest loss among...
The local stock market bounced from the previous day’s drop after US inflation figures indicate that the US Federal Reserve may keep rates steady. The main index rose 59.22 points or 0.96 percent to close at 6,208.40 as Conglomerates led the advance across the board. Volume declined to 412...
